August 28, 2014

Gold Futures Day Trading Strategy; Selling the WAVE to new lows

Gold 6JJBar

Gold has firmly dropped below the BMT’s and into a 456 continuation WAVE lower.

I am looking to sell when price retraces back to 1290.8-1291.4 right back to new lows.

The first target will be near the lows at 1288.7 with the final projection target below at 1286.5.

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